Models and Reality in Economics is an important contribution to the philosophy of economics and the conduct of inquiry in economics. It examines what economists do and what economics is about. Learn More

Economic Science and Practice seeks to bridge the gulf between economic theory and policy and overcome some of the problems created by the specialized nature of much economic research. A distinguished group of academic economists and experienced policy makers from both Europe and the United States sheds new light on the relation between theory and practice and reflect on the current state of economics. Learn More

The Emergence and Evolution of Markets examines the development of markets based on empirical examples from Western economies and from the post-socialist economies of Eastern Europe. It provides an historical dimension to the present problems of transition. Learn More

Truth and Progress in Economic Knowledge provides a new perspective on economic methodology, specifically addressing progress in economic knowledge. This important investigation argues that economic methodology is developed through analysing economics, not through imposing a framework developed in other sciences. Learn More

This highly original new book examines the scientific status of economics from the perspective of practising economists. It studies how they evaluate their theories, the relationship between those theories and the phenomena they are intended to represent, and the philosophy, methodology and scientific credentials of economics. It examines the tension between economics as the logic of rational choice and as a predictive science, that is reason and reality respectively. Learn More

The Economy as Process of Valuation sheds new light on the potential benefits of concept and theory formation along dynamic and evolutionary lines for understanding economic processes. The emphasis is on aspects of the economy as a process of valuation rather than as a mechanistic result of forces yielding unique determinate results. Learn More

Pluralism in Economics sheds new light on the various meanings and consequences of pluralist approaches to the history and methodology of economics. The first part focuses on philosophical and methodological issues. The second part contains six case studies which discuss diverse issues but adopt the pluralistic approach recommended in the first part. Learn More

This stimulating and authoritative book features original essays from leading scholars in the discipline – each of whom address the question: how should economists do economics? What emerges is a diverse, constructive commentary on how economics is done and how it should be done. Learn More

Uncertainty in Economic Thought brings together an international group of scholars to explore the treatment of uncertainty in various different schools of economic thought. Beginning with the nineteenth century and the Austrian School, this major volume discusses orthodox and heterodox views on risk, uncertainty and expectations, from Knight and Keynes to Maurice Allais. Demonstrating that new insights can be found by examining the work of past economists, the authors focus on the two major paths linking uncertainty to economics: the decision-making process itself and system dynamics. After addressing the foundations and concepts of the uncertainty debate, the distinguished contributors, who include such figures as Mark Perlman, Charles McCann, Christian Schmidt, Omar Hamouda and Robin Rowley, discuss the main trends in the history of economic thought aswell as statistical and mathematical approaches. Learn More

In The Methodology of Macroeconomic Thought, Sheila Dow attempts to bridge the gap between methodology and macroeconomic theory through the study of four different schools of thought in economics – the Neo-Austrian, mainstream, PostKeynesian and Marxian traditions – and by seeking to understand their methodological foundations in their own terms. Learn More

Monetarism and the Methodology of Economics is a collection of 14 original essays in honour of Thomas Mayer focusing on the themes of monetarism, the transmission mechanism for monetary policy, the political economy of monetary policy and the methodology of empirical economics. Learn More

Covering Robert Clower’s writings over four decades, this collection brings together important papers that have not been reprinted in any other similar volume and recent material on economic method and theoretical foundations. Issues discussed include the doctrine and methodology of economics, price determination, oligopoly theory and Keynesian economics, as well as some of Professor Clower’s substantial reviews of the work of other scholars. Above all, they offer an instructive ‘history’ of one scholar’s attempt to enhance scientific understanding of observed economic phenomena during the last half century. The volume concludes with a complete listing of Professor Clower’s publications. Learn More

Doing Economic Research brings together a series of authoritative and illuminating essays by Thomas Mayer which bridge the gap between the abstract work of methodology and the practical research problems that concern the professional economist. Learn More

Heterodox Economic Theories begins with a paper by Ian Steedman on Sraffian economics and the capital controversy. This is followed by papers on radical economics by Michael Reich and Marx’s economic analysis by Fred Moseley. Professor Moseley has also written an extensive introduction to the work featured in this volume. Including replies by Mark Blaug and comments by a distinguished group of economic methodologists, this book offers a stimulating debate between heterodox and mainstream economists over the value of three important economic traditions and over the most appropriate methodology for the appraisal of economic theories. Learn More

Market Capitalism and Moral Values brings together a distinguished group of academics, policy advisors and policy makers who provide detailed discussion of some of the key issues at the intersection of economics and ethics. These essays combine academic rigour and clarity of presentation in addressing some of the foundational questions concerning the morality of both of our economic system and our economic analysis. Learn More

Methodology, Money and the Firm brings together Denis O’Brien’s most important essays on issues ranging from methodology to competition policy but is primarily focused on the history of economic thought, an area in which he has made a notable contribution. Learn More

General Equilibrium Theory, the first volume of Takashi Negishi’s collected essays, contains some of his most important contributions on the theory and applications of general equilibrium analysis published over the last 30 years. Learn More

The Nature of Economic Thought brings together in one volume Professor Klant’s seminal work on the philosophy and methodology of economics. After a brief description of the history of economics and its position as science, art and philosophy, the book offers discussion of the logical structure of economic theories, Milton Friedman’s use of metaphor and John Maynard Keynes’s methodology including his view on the intuitive process and his adherence to Marshallian instrumentalism. The final paper presents an historical analysis of the natural order ideal in economics and critically assesses the approaches of Max Weber and Karl Popper. Learn More

This book provides a concise yet rigorous discussion of the main issues in modern macroeconomics. In particular, it examines the controversy over the role and conduct of macroeconomic stabilization policy. Learn More